Access Bank Reinforces Commitment to Combating Drug Trafficking and Money Laundering
Access Bank PLC has strengthened its partnership with the National Drug Law Enforcement Agency (NDLEA) in the fight against illicit drug trafficking and money laundering. The bank’s Group Chief Executive Officer/Managing Director, Roosevelt Ogbonna, and Group Chief Conduct and Compliance Officer, Femi Jaiyeola, were formally recognized as partners in the War Against Drug Abuse (WADA) during a ceremony at Access Bank’s headquarters.
Nigeria faces significant challenges in combating drug trafficking and abuse, with the NDLEA reporting a surge in drug seizures. Financial institutions play a crucial role in disrupting the flow of illicit funds that fuel these criminal activities.
Access Bank reaffirmed its commitment to preventing its financial systems from being used for illicit purposes. The bank’s compliance framework is designed to detect and deter financial crimes, and it will continue to collaborate closely with the NDLEA and other law enforcement agencies.
Dr. Ibrahim Abdul, Deputy Commander General of Narcotics and Director of Assets and Financial Investigation at NDLEA, praised Access Bank for its proactive stance in fighting money laundering and supporting enforcement actions.
The ceremony was attended by senior officials from both Access Bank and the NDLEA, underscoring the importance of this partnership in combating drug trafficking and promoting financial integrity in Nigeria.
Key Points:
- Access Bank reinforces commitment to combating drug trafficking and money laundering.
- Partnership with NDLEA to strengthen efforts against illicit activities.
- Recognition of Access Bank’s role in preventing financial systems from being exploited.
- Collaboration with law enforcement agencies to disrupt drug trafficking networks.
- Commitment to maintaining a strong compliance framework to detect and deter financial crimes.
This partnership between Access Bank and the NDLEA demonstrates a shared commitment to combating drug trafficking and promoting a drug-free society in Nigeria.
